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The union representing Consumer Financial Protection Bureau employees said in a court filing that the Trump administration's actions to reduce the agency's workforce and cut spending violate the law.
February 28
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Servicers—Citadel, NewRez and Selene Finance—will not advance any delinquent principal and interest. Eventually, that should reduce loss severities to the deal.
February 28
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Treasury Secretary Scott Bessent wants to focus on bringing down long-term interest rates, not the overnight ones set by the Federal Reserve.
February 28
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The Federal Reserve's preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of a prolonged rate pause.
February 28
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Company executives touted the immediate returns from its rebranding and Super Bowl advertising campaign, with February activity exceeding expectations.
February 27
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Ryan Donovan, the Council of Federal Home Loan Banks' CEO, foresees affordable housing mandates becoming more focused on home supply than demand.
February 27
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Pending sales of existing US homes slumped to a record low in January as severe winter weather slowed activity and consumers balked at high prices and mortgage rates ahead of the vital spring selling season.
February 27
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The grandson of the PulteGroup founder did not elaborate on plans for a much-anticipated government-sponsored enterprise exit from conservatorship.
February 27
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Any rollback in property taxes would require enough signatures to place a question on the ballot and pass with at least 60% of support from Florida voters.
February 27
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A joint venture with Sixth Street will give Figure more liquidity to scale Figure Connect, a blockchain-based private capital marketplace.
February 27
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January's median payment also grew at its fastest pace since October as volatile interest rates hit homebuyers' wallets, the Mortgage Bankers Association said.
February 27
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Housing finance players accused of wronging consumers slammed the lawsuits as politically motivated efforts by former Biden-era bureau director Rohit Chopra.
February 27
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Rithm Acquisition Corp. is selling 20 million units of combined stock and warrants for $10 each, with trading expected to begin on Feb. 27 on the NYSE.
February 27
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Investment properties are the primary properties backing the collateral pool, at 80.3%, while second homes account for 19.7% of the pool.
February 27
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The rapid rise in the cost of both insurance coverage and taxes leaves close to half of homeowners worried about their ability to make payments.
February 27
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The 30-year conforming fixed-rate mortgage is at its lowest point since the end of December, as Treasury yields are 29 basis points lower since Feb. 19.
February 27
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Mortgage lender Lower accuses New American Funding of stealing a San Antonio branch in early 2025.
February 27
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Trump administration nominees Bill Pulte and Jonathan McKernan will face Senate scrutiny Thursday over their approaches to oversight, with industry support but expected Democratic opposition, particularly from Sen. Elizabeth Warren.
February 27
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The top five lenders have an average retail mortgage origination volume of more than $6 billion, as of the end of the fourth quarter of 2024.
February 27
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Some precedents from Trump's first term do point to a scenario where depositories could re-enter the government mortgage market, according to one expert.
February 26
